Thanks for posting this, Lee. I never knew about this so I looked it up:
http://plaintiffmagazine.com/recent-issues/item/avoid-being-burned-by-a-burning-limits-policy
Then, I read over my policy. Learn something new every day ...........
Mine reads: "LIMITS OF LIABILITY INCLUDING DEFENSE COSTS: The liability of the Company shall not exceed in the aggregate for all claims under this insurance the sum of One Hundred Thousand Dollars ($100,000.00).
In addition to the limit of liability and in accordance with the other provisions of this policy, the Company will pay costs and expenses paid and incurred in investigating, contesting or settling liability in an amount not to exceed, in the aggregate, one-half of the limit of this policy."
Dang! Guess I've got a burner also. ;(
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